5. Eckan Word Processing Service uses the straight-line method of depreciation. The company's fiscal year end is December 31. The following transactions and events occurred during the first three years. Prepare the necessary journal entries. (Show computations.) 2013 July 1 Purchased a computer from the Computer Center for $4,600 cash. Nov. 3 Incurred ordinary repairs on computer of $400. Dec. 31 Recorded 2013 depreciation on the basis of a 5 year life and estimated residual value of $500. 2014 Dec. 31 Recorded 2014 depreciation. 2015 Jan. 1 Paid $800 for an upgrade of the computer. This expenditure is expected to increase the operating efficiency and capacity of the computer. Dec. 31 Recorded 2015 depreciation